officially Al Thanyah Third
AED 1,825/sqft
+348.5%
+8%
11%
6.0%
58
A typical residential sale here is AED 1,310,000 for about 1,274 sqft, from 19,461 recorded sales.
Prices here have moved +348.5% across the 232 months (Apr 2007 – Aug 2026) of Land Department records we hold — a pace of +8% a year if it continued.
That is the whole 232 months of records for this area, expressed as an annual pace. It averages across every cycle in that period, so it describes the long run rather than the market today. Treat it as history, not a forecast.
Comparing a launch price against a resale price without separating them is the most common way Dubai price-per-square-foot figures mislead.
Off-plan
AED 1,403/sqft
2,217 recorded sales
Ready
AED 1,107/sqft
17,244 recorded sales
Off-plan trades 27% above completed homes here. A single blended figure would sit between the two and describe neither.
Median size and price for every bedroom count with at least 15 recorded sales. Dubai Land Department records a room count on nearly every sale, so this is a breakdown of real transactions rather than an estimate.
Rent is matched by size here, not bedroom count, so the column is what homes of that sizeactually let for — the question behind the question, answered from real contracts. Ejari does also carry a bedroom count on most tenancies, and the rent-by-bedroom figures on this page read that field directly.
| Size | Typical home | Typical price | Per sqft | Typical rent | Sales |
|---|---|---|---|---|---|
| Studio | 438 sqft | AED 620,900 | AED 1,281/sqft | AED 62,000/yr 150 tenancies | 1,008 |
| 1 bed | 779 sqft | AED 950,000 | AED 1,154/sqft | AED 95,000/yr 928 tenancies | 7,537 |
| 2 beds | 1,377 sqft | AED 1,608,071 |
Every other figure on this page is about homes that sold. This is the standing stock, from the Land Department’s unit register.
Registered units
7,471
In Al Thanyah Third, from the Land Department's register of flats.
Freehold
100%
Every unit in Al Thanyah Third with a recorded type is freehold, so foreign ownership is permitted throughout.
Typical size
1,133 sqft
Median of the 7,471 units that record one.
By size of home
From 4,154 tenancy contracts registered with Ejari in the last 12 months — agreed rents, not advertised ones.
Typical annual rent
AED 120,000/yr
for ~1,087 sqft
Rent per sqft
AED 110/sqft
per year
Renewals
54%
of contracts
Contracts
4,154
last 12 months
What it costs to rent here
Median annual rent, by size of home.
A year’s rent against what that size of home actually sold for in The Lakes over the same twelve months — both from registered records.
| Size | Costs now | Rents for | Gross yield | Sales behind it |
|---|---|---|---|---|
| Studio | AED 900K | AED 62,000/yrby bedroom · 150 new lets | 6.9% | 33 |
| 1 bed | AED 1.49M | AED 95,000/yrby bedroom · 928 new lets | 6.4% | 240 |
| 2 beds | AED 2.5M | AED 155,000/yrby bedroom · 547 new lets | 6.2% | 184 |
| 3 beds | AED 5.15M | AED 241,000/yrby bedroom · 259 new lets | 4.7% | 105 |
The best gross yield here is on a studio at 6.9%. Smaller homes almost always yield more than larger ones — they cost proportionally less and rent for proportionally more.
a studio rents for a median AED 62,000/yr, a 1-bedroom for AED 95,000/yr, a 2-bedroom for AED 155,000/yr, a 3-bedroom for AED 241,000/yr. These are medians of tenancy contracts registered with Ejari in The Lakes over the last twelve months — what tenants agreed to pay, not advertised asking rents. This table matches rent to homes by floor area, which every Ejari contract records. Ejari carries a bedroom count on most contracts too, and the rent-by-bedroom figures on this page read that field rather than inferring it from size.
Closest to Al Thanyah Third on median price per square foot. Areas with fewer than 10 recorded sales are left out, because a median drawn from a handful of deals is not worth comparing against.
Golf Heights
Emaar Properties (P.J.S.C)
The Hills
Emaar Development P.J.S.C.
The Lakes - Deema 1
Emaar Properties (P.J.S.C)
The Lakes Deema 2
Emaar Properties (P.J.S.C)
The Lakes Deema 3
Emaar Properties (P.J.S.C)
The Lakes Deema 4
Emaar Properties (P.J.S.C)
The Lakes Ghadeer
Emaar Properties (P.J.S.C)
The Lakes Zulal
Emaar Properties (P.J.S.C)
| AED 1,143/sqft |
| AED 155,000/yr 547 tenancies |
| 6,351 |
| 3 beds | 2,070 sqft | AED 2,664,217 | AED 1,120/sqft | AED 241,000/yr 259 tenancies | 4,297 |
| 4 beds | 2,475 sqft | AED 2,125,000 | AED 889/sqft | AED 500,000/yr 34 tenancies | 171 |
Apartments, stacked townhouses and commercial units. Villas are not in this dataset.
Matched to tenancies by floor area, so this is what homes of each size actually let for. Ejari does also record a bedroom count on most contracts — the rent-by-bedroom table below reads that field directly. Renewing tenants pay about 8% less per sqft than someone signing a new lease here.
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a studio here reads 10.0% instead of 6.9%, because it prices the home at AED 620.9K — the median across every sale on record — rather than the AED 900K it costs today. Every figure above uses the same twelve months on both sides.
What it returns after service charges
We hold no filed budget for this one, so this starts from a placeholder rather than a measurement — it’s on the service charge invoice, or on RERA’s Service Charge Index. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| Studio | AED 6,575 | AED 55,425 | 6.9% | 6.2% |
| 1 bed | AED 11,685 | AED 83,315 | 6.4% | 5.6% |
| 2 beds | AED 20,655 | AED 134,345 | 6.2% | 5.4% |
| 3 beds | AED 31,055 | AED 209,945 | 4.7% | 4.1% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
The median residential sale price in The Lakes is AED 1,825/sqft, which works out at about AED 1.31M for a typical 1,274 sqft home. That is a median of 19,461 sales actually registered with the Dubai Land Department, not of asking prices.
Gross yields in The Lakes run about 6.9% on a studio, 6.4% on a 1-bedroom, 6.2% on a 2-bedroom, 4.7% on a 3-bedroom, dividing a year of registered rent by what that size actually sold for over the same twelve months. Smaller homes yield more. These are gross figures: service charges, agency commission and void periods are not deducted, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Yes. Every unit in The Lakes whose tenure is recorded in the Land Department's register is freehold, so foreign nationals may own property here outright. The register holds 7,471 units for the area.
11% of the 19,461 registered sales in The Lakes were off-plan, and the rest were completed homes. The two trade at different prices, so a single blended price per square foot for the area would describe neither.
AED 1,924/sqft
+5%